Crude Oil Price's Crude Effect on Rice Production.
The study used the data of the world crude oil prices and the prices of rice in Malaysia and soybean oil in the Rotterdam market from 1970-2008. An Autoregressive Distribution Lag method was used, which allowed the team toinvestigate both short and long term dynamics. Their findings show that there is a long-term relationship between the world crude oil price and the agriculture sector, with high production costs cutting into profit margins. The authors warn that these: 'situations will become worse if they do not receive any subsidies or incentives from the government'.
About Pertanika Journal of Social Sciences & Humanities (JSSH)
JSSH is published by Universiti Putra Malaysia in English and is open to authors around the world regardless of nationality. It is currently published twice a year in March and September. Other Pertanika series include Pertanika Journal of Tropical Agricultural Science (JTAS) and Pertanika Journal of Science & Technology (JST). Website: http://www.pertanika2.upm.edu.my/jpertanika/index.htm
A. S. Abdul-Rahim
Department of Economics
Faculty of Economics and Management
Universiti Putra Malaysia, 43400 UPM, Serdang, Selangor, Malaysia
Tel: +603-8946 7630 | +603-8948 6188.
Mob: +6019-209 0970.
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|Date:||Apr 18, 2011|
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